A Reinstatement Cost Assessment (RCA) is a professional assessment of what it would cost to rebuild a property if it were destroyed.
Browsing: Insurance
Belinda Thorpe advises on some of the recent questions received at Flat Living.
This month Paul Robertson looks at how to make a complaint about an insurance company and who is eligible to do so.
Have you ever considered what Insurers look at when they are calculating your premium or what you can do to help keep the cost down?
Many insurers have invested significantly in geographic tools that enable them to predict flood exposure more accurately.
Belinda Thorpe, Managing Director at Residentsline explains you can do something about your buildings insurance premium.
Buildings Insurance covers the cost of repairing or rebuilding your apartment and communal areas if they are damaged.
Buildings insurance is one of the main and highest value items in the service charge but also one of the most important item.
If your block is unable to obtain insurance that includes flood cover, it will become difficult to obtain a mortgage.
It is often a requirement in a lease for the landlord to maintain a comprehensive building insurance policy.